Bajaj Housing Finance IPO Sees Overwhelming Response, Subscribed 7.51 Times on Day 2
Bajaj Housing Finance IPO subscription status, GMP, and other details. The IPO has been subscribed 7.51 times on the second day of bidding.
Bajaj Housing FinanceIpoGrey Market PremiumGmpAxis Capital LtdGoldman Sachs India Securities Private LtdSbi Capital Markets LtdJm Financial LtdIifl Securities LtdKotak Mahindra Capital Company LtdReal Estate NewsSep 10, 2024
The retail investors' allocation was oversubscribed by 3.84 times, while the non-institutional investors' share was subscribed 16.46 times. The qualified institutional buyers (QIBs) portion received 7.46 times its allocation. The employee segment saw a subscription rate of 97%, and the shareholder portion was oversubscribed by 9.55 times.
The IPO was subscribed 2.02 times on its first day of subscription, with the retail investor segment subscribed 1.51 times, while the non-institutional investor quota saw a subscription of 4.35 times. The portion allocated to qualified institutional buyers (QIBs) was 1.07 times subscribed. The employee share was subscribed 32%, and the shareholder portion was subscribed 2.90 times.
Bajaj Housing Finance is a non-deposit taking housing finance company registered with the National Housing Bank since September 2015. It offers financing solutions for the purchase and renovation of both residential and commercial properties. The Reserve Bank of India has designated it as an
Frequently Asked Questions
What is the subscription status of Bajaj Housing Finance IPO?
The IPO has been subscribed 7.51 times on the second day of bidding.
What is the price band for Bajaj Housing Finance IPO?
The price band for the Bajaj Housing Finance IPO is set between ₹66 and ₹70 per share, with a face value of 10.
What is the purpose of Bajaj Housing Finance IPO?
The purpose of this share offering is to comply with the Reserve Bank of India's directive requiring higher layer non-banking financial companies (NBFCs) to list on stock exchanges by September 2025.
What is the estimated listing price for Bajaj Housing Finance shares?
The estimated listing price for Bajaj Housing Finance shares is projected to be ₹138 each, representing a 97.14% increase from the IPO price of ₹70.
Who are the book running lead managers for Bajaj Housing Finance IPO?
The book running lead managers for the offering are Axis Capital Ltd, Goldman Sachs (India) Securities Private Ltd, SBI Capital Markets Ltd, JM Financial Ltd, IIFL Securities Ltd, and Kotak Mahindra Capital Company Ltd.
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